Foreigners were issued the first electronic visa to Azerbaijan. From March 19 until now used the services were used by more than two thousand people.
According to the head of the local Tourism Association Nahid Bagirov, the first right to provide such authorization was vested to 25 tourist companies operating in the country.
Today, Azerbaijan has issued the right to provide full travel services to 200 individuals and entities. If successful, the pilot project will simplify the procedure for receiving foreign guests and extend it to all market participants. - 17D-
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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